Highlights for Pro Tools 12 include a new “Avid Cloud Collaboration” feature that lets users collaborate in real-time from different locations using built-in chat and other collaboration features, and a new “Avid Marketplace” for finding talent and accessing apps, plug-ins and third-party content.

For the first time, Avid is making Pro Tools, with version 12, available through license subscriptions starting at $29.99/month. An annual update is available for $199 (the one-time price of Apple’s competitive Logic Pro X), while the annual subscription plan will go for $299. Lastly, Avid has perpetual licenses starting at $899.